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#Telecommunications

[Breaking News] Government’s Telecel takeover completed!

Telecel Zimbabwe Headquarters Harare
   

We have just received news that Vimplecom and Global Telecom, who owned a 60% stake in Telecel, have finally concluded the long protracted deal with Government which will see them take over their stake in the mobile network operator.

The communique signed off by Telecel CEO Angeline Vere to colleagues today states that management will continue to focus on ensuring that the organisation’s functions continue to run smoothly over the transition period.

The CEO also states that the new ownership creates new opportunitiesĀ for the company by bringing in much-needed recapitalization necessary for the growth and development of the company.

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See communique below:

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